Top-5 developments : India Set to Become Handset Manufacturing Hub

Many organizations are considering setting up their handset manufacturing base in India. The latest movers are Karbonn, Samsung, Sony and Foxconn Technology. Several international mobile companies have already set up shop in China but India still lags behind as it has been unable to attract international mobile makers. According to reports, Foxconn Technology is in talks to launch iPhone manufacturing in India. Several other companies have announced their intention to begin manufacturing handsets in India, here are top-5 developments:

Taiwan-based tech company Foxconn announced today that it is in talks to manufacture Apple’s iPhone in India. It is aiming to develop 10-12 facilities in India, including factories and data centers, by 2020.

Last month, Chinese smartphone maker CoolPad said it is all set to enter the Indian market and will soon set up an R&D centre alongside a manufacturing plant in the country as part of the ‘Make in India’ campaign.